FIREBIRD METALS LTD (7Y2) - Net Assets
Based on the latest financial reports, FIREBIRD METALS LTD (7Y2) has net assets worth €12.64 Million EUR (≈ $14.78 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€12.88 Million ≈ $15.06 Million USD) and total liabilities (€245.59K ≈ $287.12K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See 7Y2 equity to assets ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €12.64 Million |
| % of Total Assets | 98.09% |
| Annual Growth Rate | 36.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 49.43 |
FIREBIRD METALS LTD - Net Assets Trend (2021–2024)
This chart illustrates how FIREBIRD METALS LTD's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of FIREBIRD METALS LTD.
Annual Net Assets for FIREBIRD METALS LTD (2021–2024)
The table below shows the annual net assets of FIREBIRD METALS LTD from 2021 to 2024. Also explore 7Y2 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €12.64 Million ≈ $14.78 Million |
+97.80% |
| 2023-06-30 | €6.39 Million ≈ $7.47 Million |
+62.12% |
| 2022-06-30 | €3.94 Million ≈ $4.61 Million |
-20.24% |
| 2021-06-30 | €4.94 Million ≈ $5.78 Million |
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Equity Component Analysis
This analysis shows how different components contribute to FIREBIRD METALS LTD's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 681890000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €26.79 Million | 211.96% |
| Total Equity | €12.64 Million | 100.00% |
FIREBIRD METALS LTD Competitors by Market Cap
The table below lists competitors of FIREBIRD METALS LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mycron Steel Bhd
KLSE:5087
|
$16.42 Million |
|
Hateks Hatay Tekstil Isletmeleri AS
IS:HATEK
|
$16.42 Million |
|
MOUNTAIN VALLEY MD HLDGS
F:20MP
|
$16.44 Million |
|
Polwax SA
WAR:PWX
|
$16.44 Million |
|
Trust Stamp Inc
NASDAQ:IDAI
|
$16.41 Million |
|
PDS Biotechnology Corp
NASDAQ:PDSB
|
$16.40 Million |
|
Step One Clothing Ltd
AU:STP
|
$16.39 Million |
|
Metalliance SA
PA:MLETA
|
$16.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FIREBIRD METALS LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,389,469 to 12,638,355, a change of 6,248,886 (97.8%).
- Net loss of 4,655,088 reduced equity.
- Share repurchases of 324,703 reduced equity.
- New share issuances of 8,000,000 increased equity.
- Other factors increased equity by 3,228,677.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-4.66 Million | -36.83% |
| Share Repurchases | €324.70K | -2.57% |
| Share Issuances | €8.00 Million | +63.3% |
| Other Changes | €3.23 Million | +25.55% |
| Total Change | €- | 97.80% |
Book Value vs Market Value Analysis
This analysis compares FIREBIRD METALS LTD's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | €0.09 | €0.08 | x |
| 2022-06-30 | €0.07 | €0.08 | x |
| 2023-06-30 | €0.09 | €0.08 | x |
| 2024-06-30 | €0.09 | €0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FIREBIRD METALS LTD utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -36.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4231.90%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.02x
- Recent ROE (-36.83%) is above the historical average (-37.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -68.70% | 0.00% | 0.00x | 1.05x | €-3.89 Million |
| 2022 | -29.77% | 0.00% | 0.00x | 1.05x | €-1.57 Million |
| 2023 | -14.90% | 0.00% | 0.00x | 1.05x | €-1.59 Million |
| 2024 | -36.83% | -4231.90% | 0.01x | 1.02x | €-5.92 Million |
Industry Comparison
This section compares FIREBIRD METALS LTD's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $39,193,792
- Average return on equity (ROE) among peers: -205.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FIREBIRD METALS LTD (7Y2) | €12.64 Million | -68.70% | 0.02x | $16.42 Million |
| Scandium International Mining Corp (0E6) | $345.57K | -563.69% | 1.56x | $31.75 Million |
| PROSPECT RIDGE RESOURCES (0ED) | $6.94 Million | -29.20% | 0.07x | $3.47 Million |
| Asiamet Resources Ltd (0FK) | $671.10K | -1105.80% | 0.58x | $1.98 Million |
| Global Li-Ion Graphite Corp (0TD) | $5.20 Million | -61.33% | 0.09x | $758.30K |
| Benz Mining Corp (1VU) | $1.78 Million | -133.34% | 0.04x | $417.32 Million |
| BENZ MINING CORP CDI/1 (1VU0) | $8.77 Million | -54.50% | 0.49x | $397.29 Million |
| Pacific Empire Minerals Corp (1YK) | $1.22 Million | -95.73% | 0.06x | $6.84 Million |
| Alphamin Resources Corp (21L) | $365.51 Million | 12.92% | 0.41x | $1.23 Billion |
| PURANIUM ENERGY LTD. (2DK) | $-109.30K | 0.00% | 0.00x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $1.61 Million | -22.03% | 0.15x | $70.07K |
About FIREBIRD METALS LTD
Firebird Metals Limited engages in the exploration, development, and evaluation of mineral resources in Australia and China. The company primarily explores for manganese deposits. Its flagship project is the 100% owned Oakover project located east of Newman in the East Pilbara Manganese province of Western Australia. Firebird Metals Limited was incorporated in 2016 and is based in Peppermint Grov… Read more